A small change in a relevant variable is
A) an average change.
B) a ceteris paribus change.
C) an efficient change.
D) a marginal change.

Question

Quizplus · Accepted Answer

A small change in a relevant variable is a marginal change. This means that only one variable is changed while holding all other variables constant, which is known as ceteris paribus. Therefore, B can also be considered a correct answer, but D is a more specific and accurate choice. A and C are not relevant to the concept of a small change in a relevant variable.

A Small Change in a Relevant Variable Is